U.S. Market:
AIG - 55.135 +0.155 0.282% Apple - 115.66 +1.03 0.899% Bank of America - 17.21 +0.11 0.643% Cisco - 27.696 -0.124 -0.446% Citigroup - 54.70 +0.34 0.625% Coca-Cola - 43.895 -0.645 -1.448% Facebook - 75.15 -0.31 -0.411% Ford - 16.101 +0.201 1.264% GE - 26.3798 +0.3298 1.266% Hewlett-Packard - 38.89 -0.06 -0.154% Intel - 37.71 +0.11 0.293% JPMorgan - 61.14 +0.06 0.098% McDonald's - 95.215 +0.105 0.11% Microsoft - 48.153 -0.307 -0.634% Pfizer - 31.39 -0.18 -0.57% Starbucks - 80.30 -0.07 -0.087%

Wall Street climbs for second day, Fed minutes on tap

Traders work on the floor of the New York Stock ExchangeBy Angela Moon NEW YORK (Reuters) – U.S. stocks rose for a second session on Wednesday, buoyed by a rise in Alcoa shares ahead of the release of minutes from the latest Federal Open Market Committee meeting. Alcoa Inc gained 3.6 percent to $12.98 as the best performer on the S&P 500 after it reported a decline in first quarter adjusted profit but earnings still came in ahead of analysts' expectations.


Stocks move higher as US earnings get underway

NEW YORK (AP) ‒ Stocks are rising as corporate earnings begin on a positive note.

Retailer Dollarama’s quarterly profit tops estimates

Canada’s Dollarama Inc reported a higher-than-expected rise in quarterly earnings on Wednesday even though it had warned earlier this year that temporary store closures from an ice storm had hurt results in December. The Montreal-based discount retailer, whose shares jumped more than 7 percent, also raised its quarterly dividend. Analysts on average had expected earnings of C$1.10 per share, according to Thomson Reuters I/B/E/S. Sales increased 4 percent to C$582.3 million, mainly because of the addition of 27 net new stores. Dollarama said in January it had to temporarily close some 80 stores in the days leading up to Christmas, when an ice storm blanketed large swathes of central and eastern Canada.

Dollar-store operator Dollarama’s profit rises 8 percent

(Reuters) – Canadian dollar-store operator Dollarama Inc reported a nearly 8 percent rise in fourth-quarter profit as sales rose, mainly driven by an increase in the number of stores, and the company also raised its quarterly dividend. Analysts on average had expected earnings of C$1.10 per share on revenue of C$575.8 million, according to Thomson Reuters I/B/E/S. Dollarama said in January it had to temporarily close some 80 stores in December when an ice storm blanketed large swathes of central and eastern Canada. The storm had resulted in week-long power outages in Ontario, Quebec and New Brunswick, where many of the company’s stores are located. Dollarama, which sells goods for up to C$3 in some 874 stores across Canada, saw sales at established stores rise 1.1 percent during the quarter, despite being hit by a 7.5 percent decline in December.

U.S. Republican Rubio to offer bill on new education financing vehicles

Sen Marco Rubio attends Conservative Political Action Conference in Oxon HillBy Caren Bohan and Julia Edwards WASHINGTON (Reuters) – Republican Senator Marco Rubio, a possible 2016 White House contender, will unveil legislation on Wednesday to broaden the use of financial vehicles known as "income share agreements" that students can use to fund their higher education costs. Under the agreements, which are marketed as an alternative to traditional student loans, private investors or organizations provide students with financing for their education costs in exchange for a percentage of their future earnings. "The same way that private investors invest in a business idea, they could invest in a person who basically says: ‘This is who I am. This is what my career goals are. Some companies including Upstart, developed by former Google employees, and Pave already offer the financial instruments.


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